Tag: prices

China producer prices jump 7.8% in February: govt

BEIJING, China (AFP) — Prices for goods at the factory gate in China rose for the sixth straight month in February, officials said Thursday, slightly beating expectations as strong demand boosts the world’s second-largest economy. The producer price index (PPI) rose 7.8 percent year-on-year, according to the National Bureau of Statistics, topping economist expectations of a 7.7 percent increase in a Bloomberg poll. It marked an acceleration from the previous five months and fuelled expectations […]